Vietnamplus

The upgrade of Vietnam’s stock market from frontier to emerging status is a driving force for the future.

Moody's announced it would raise the baseline credit assessment (BCA) from B2 to B1 for Southeast Asia Commercial JS Bank (SeABank) in the 2022 rating review period.

Deputy Prime Minister Le Minh Khai has approved the sovereign credit rating improvement project by 2030, part of an effort to make Vietnam a developing and upper-middle-income country with modern industry, heightening the country’s international reputation and reducing credit risks.

Deputy Prime Minister Le Minh Khai on March 31 signed a decision approving the National Credit Rating Improvement Project by 2030.

Vietnam Electricity (EVN)’s Northern Power Corporation (EVNNPC) has retained its long-term foreign-currency issuer default rating at “BB” with a positive outlook as issued by Fitch Ratings.

The Ministry of Finance has coordinated with relevant agencies to complete a report on the development the National Credit Rating Improvement Project for the 2021-2030 period to submit to the Prime Minister for approval.

Vietnam is the only country in the Association of Southeast Asian Nations (ASEAN) in the ‘BB’ rating category to gain positive rating momentum in 2021 and this is a reflection of the country's economic strength and resilience.

As Vietnam has become a middle-income country and will gradually depend more on foreign commercial loans, the improvement of the sovereign credit ratings will help the Government, businesses, and financial and credit institutions be more cost-effective when mobilising loans or issuing bonds to international capital markets, according to the Ministry of Finance.

Credit rating agency Fitch Solutions has revised up Malaysia's 2021 economic growth forecast to 1.5 percent from zero percent as the COVID-19 situation in the Southeast Asian country has improved.

Global credit rating agency Moody's on August 24 maintained Thailand's credit rating at Baa1 with stable outlook, saying that the country still has sufficient economic activity to balance challenges caused by the COVID-19 pandemic.

The international credit rating agency Fitch Ratings on July 19 affirmed Malaysia's long-term foreign-currency issuer default rating (IDR) at 'BBB+' with a stable outlook.

The national flag carrier Vietnam Airlines has been certified with the highest 5-Star COVID-19 Airline Safety Rating for the safety measures and improved hygiene processes introduced by the firm to help reduce the spread of the coronavirus.

The Airbus Vietnam Training Centre (AVTC) has received regulatory approvals by the Civil Aviation Authority of Vietnam (CAAV) and European Union Aviation Safety Agency (EASA) for the provision of A320 Type Rating courses.

The National OCOP Council will propose competent agencies recognise 20 products as five-star “One Commune, One Product” (OCOP) products.

Credit rating agency Moody's on May 26 affirmed its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks.

Credit ratings agency Fitch Ratings has for the first time assigned the PetroVietnam Power Corporation (PV Power) a Long-Term Foreign-Currency Issuer Default Rating (IDR) of “BB” with a positive outlook.

Many international credit rating organisations want to join the Vietnamese market, heard a seminar in Ho Chi Minh City on April 16.

Fitch Ratings has revised the outlook for the Vietnam Oil and Gas Group (PetroVietnam) to “positive” from “stable”.

Fitch Ratings has revised Vietnam's outlook to “positive” from “stable” and affirmed the long-term foreign-currency issuer default rating at “BB”.

Moody's Investors Service (Moody's) maintaining the Government of Vietnam's long-term issuer and senior unsecured ratings at Ba3 and changing the outlook to “positive” from “negative” is unprecedented, an official has said.